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Dec 27, 2012
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administration and handled by the state department. >> i think it was lot more than that. it was a long history of not getting along with john mccain and the moment he had the option, he used it. >> that's exactly right. i think -- hillary clinton iss trying to avoid entering into the susan rice situation where she is under pyre on capitol hill. for now the -- will keep the questions at bay. but come january, when she gets asked to come back to capitol hill, she will have to enter into this situation and answer the questions on capitol hill or else she will risk having a susan rice situation where she gets battered from -- >> put this aside. does she run and could she be a moderate republican? >> i think hillary clinton scares every single republican contender who is thinking about 2016 because if you looked at the primaries she won in 2008, she was winning rustbelt states and winning purple states. she is a real threat to the republican party if they are looking to rebound in four years. >> all right. good to see you. ty. >> thank you. >>> so good to have you join us. i w
administration and handled by the state department. >> i think it was lot more than that. it was a long history of not getting along with john mccain and the moment he had the option, he used it. >> that's exactly right. i think -- hillary clinton iss trying to avoid entering into the susan rice situation where she is under pyre on capitol hill. for now the -- will keep the questions at bay. but come january, when she gets asked to come back to capitol hill, she will have to enter...
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Dec 21, 2012
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administration. >> huge, huge. >> in the negotiations. >> huge setback. couldn't agree more, john. huge setback. quickly, paul ryan and grover norquist endorsed plan b. does that work? help the whip gets votes in line or not? >> sure it does. but it does not help, the club for both freedom works and organizations politically active on the campaign trail and legislatively said, no, don't vote for this. i think that could have created some complications for them. we could lose 20 members. they showed that tonight on the spending cut portion of the bill, but they can't lose a lot more than that. can't lose 30 members, and there were counts earlier today showing they lacked 30 votes of republican members of the house. so we'll see whether they can put this back together and how serious this problem is. >> all right. john harwood, thanks very much for the update. i said earlier, we'll see a lot of john as the evening proceeds. >>> now, my great pleasure, welcome back to the show, i call him america's mayor. the former mayor of new york city. rudy jew rudy giul
administration. >> huge, huge. >> in the negotiations. >> huge setback. couldn't agree more, john. huge setback. quickly, paul ryan and grover norquist endorsed plan b. does that work? help the whip gets votes in line or not? >> sure it does. but it does not help, the club for both freedom works and organizations politically active on the campaign trail and legislatively said, no, don't vote for this. i think that could have created some complications for them. we could...
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Dec 26, 2012
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. >>> meantime, a fight is brewing over energy exports with the obama administration releasing a report saying that natural gas exports would help economic growth but democrat ron wyden is calling for restraint saying he's been hearing a lot of opposition in the last few days. wyden is set to become chairman of the senate energy and natural resources committee next month. opponents believe the unchecked exports would threaten jobs and exports in manufacturing. >>> in the meantime, the low cost of gas here brings a plan to build a north american facility just to ship it back to europe. the "wall street journal" reports the company will build the $659 million plant in the u.s. or canada and the facility will huge natural gas to produce iron which will be sent back to europe to be processed into steel. >>> meantime, the nasdaq falling today but get this, shares of research in motion, yes, r.i.m., bucking the trend. seema mody with us now. this is not a typo, is it? >> not a typo. take a look at shares of research in motion. as you point out, best performing stock on the nasdaq 100, quite a
. >>> meantime, a fight is brewing over energy exports with the obama administration releasing a report saying that natural gas exports would help economic growth but democrat ron wyden is calling for restraint saying he's been hearing a lot of opposition in the last few days. wyden is set to become chairman of the senate energy and natural resources committee next month. opponents believe the unchecked exports would threaten jobs and exports in manufacturing. >>> in the...
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Dec 18, 2012
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we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the spending side and we have the administration trying to get a bit more about how they would do it. this right now, one more look, 200 apart by the dems measure and 295 on the gop measure when it comes to revenue. that should help people begin to price how close they are in coming to a deal. >> steve, two things come to me. one is the perfect being the enemy of the good and -- >> the what? >> the comments this morning about the light at the end of the tunnel. it doesn't look like a large difference. >> it doesn't but the question becomes the $95 billion which i can
we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the...
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Dec 26, 2012
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. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private investors into fannie and freddie and transferring billions of dollars of mortgages to the government-backed mortgage companies would require congressional authorization and temporarily change the charters of fannie and freddie. does that sound like something -- a kid -- >> i don't know if it's good or not. >> all the stuff that's not covered now. you need -- >> yeah -- >> put it into fannie and freddie again. expand their balance sheets. i don't know. >> you have a view? >> how much was the tie? >> i don't want to say. >> really? >> was this a christmas tie, holiday tie? >> no. getting back to your question -- >> go ahead. >> fannie and freddie. look at that -- >> beautiful tie. >> punting. he's stalling is what he's doing. >> this is -- >> w
. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private investors into fannie and freddie and transferring billions of dollars of mortgages to the government-backed mortgage companies would...
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Dec 19, 2012
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administration means discretionary spending and defense spending inside their amount there. we know it is wrong but don't know how it breaks down. let's look at possible differences or places for savings. what you will find, means testing for medicare is on the table. agricultural subsidies, something the democrats want to target. additional discretionary defense cuts and raising retirement age, we think saves about $100 billion. take a deep breath, total it all up, show you what we've got. revenue. 1.2 trillion for dems. assuming you use the democrats definition where tai are. >> i have a question. for raising the retirement age, that's not anything that's going to happen in the next 10 years, right? talking about doing this way down the road? >> further down the road. >> these aren't savings you'll see in the next 10 years. >> you're right. it would not be within the budget window, a correction right there. >> not that complicated, just want to follow along. >> 2$2.4 trillion for the dems and 1$1.9 for gop. it's the spending side. the revenue, seems like they're a lot clos
administration means discretionary spending and defense spending inside their amount there. we know it is wrong but don't know how it breaks down. let's look at possible differences or places for savings. what you will find, means testing for medicare is on the table. agricultural subsidies, something the democrats want to target. additional discretionary defense cuts and raising retirement age, we think saves about $100 billion. take a deep breath, total it all up, show you what we've got....
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Dec 31, 2012
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we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of magicianship, you appear to be doing that right now. it looks like rates will increase. that technically is not a good thing for you and your pledge. >> it's a very bad thing for the economy, because what they're talking about is some -- allowing the rates to go back up, not just back up. remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >>
we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of magicianship, you appear to be doing that right now. it looks like rates will...
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Dec 12, 2012
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i ask because over the past several weeks the obama administration has tried to reach out to wall street in a way perhaps it hadn't earlier. want to talk a little bit about that relationship post election. in terms of where you think business should be trying to influence or be part of this discussion. >> the business roundtable put a letter today in some newspapers signed by 150 ceos of mostly large companies. i think a lot of smaller companies feel the same way, we want a rational deal. want it market credible. know there will be increases in tax revenues link together with rationale entitlement reform with a rational multiple. that's what the business community wants, not the one specific thing people argue about whether this goes up. business wants a rational deal to go up because it would be good for the united states of america? >> you'll take a higher tax rate. >> yeah. i don't personally care. it's not the 39.6%. they are linked together. no one says i will take a higher tax rate so we can still be irresponsible in spending. you can de link that all you want no one does that in t
i ask because over the past several weeks the obama administration has tried to reach out to wall street in a way perhaps it hadn't earlier. want to talk a little bit about that relationship post election. in terms of where you think business should be trying to influence or be part of this discussion. >> the business roundtable put a letter today in some newspapers signed by 150 ceos of mostly large companies. i think a lot of smaller companies feel the same way, we want a rational deal....
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Dec 20, 2012
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. >> tom obama administration officials met with eight blue chip leaders at the white house yesterday. the president and his adviser have been seeking advice interest corporate leaders. obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you sense there is a framework for a deal to be done. we hope partisanship doesn't torpedo the entire series of conversations but it feels like the two sides are close enough that there ought to be a deal that can be cut. >> so the detour that we've taken over the past 48 hours with regard to plan b, is that a political tool or do you believe that is actually a road that leadership wants to go down if they have to ? >> i t
. >> tom obama administration officials met with eight blue chip leaders at the white house yesterday. the president and his adviser have been seeking advice interest corporate leaders. obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very...
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Dec 27, 2012
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that got folks thinking that maybe president obama had made a new proposal up on capitol hill but that is now being shot down from all quarters, including from the white house where a senior administration official tells nbc news there is no proposal being sent up today. scott brown is wrong. and also a senior advisor to senator reid saying we are nowhere right now. so you can expect that whenever senator scott brown lands in washington, his blackberry is going to light up with a lot of people asking him questions about this facebook posting that now a lot of folks are saying is not true. so was there something that sparked that that's now not happening? we don't know at this point but that's what we have. >> i'll bet that's a good explainer of why we started to see the dow move off of its lows. eamon. we saw the dow start to climb back above the 13,000 level. looked like it was coming off the bottom. maybe it was the reports coming from scott brown. after eamon comes on we are moving lower. the lows, the do you down 148, right now we're down 135. minute-by-minute folks. >>> coming up.
that got folks thinking that maybe president obama had made a new proposal up on capitol hill but that is now being shot down from all quarters, including from the white house where a senior administration official tells nbc news there is no proposal being sent up today. scott brown is wrong. and also a senior advisor to senator reid saying we are nowhere right now. so you can expect that whenever senator scott brown lands in washington, his blackberry is going to light up with a lot of people...
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Dec 27, 2012
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. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins gettin
. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut...
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Dec 14, 2012
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they just haven't notified the obama administration officially. the federal model, the reason they're going to do it for many of the states beyond political reasons is concerns for the big costs to build these out. massachusetts, health care connector, the online marketplace, and back office call center, and support staff, serves as a model for the new state exchanges. but the base state is spending about $100 million in federal grants to build up the new data bases and infrastructure required under obama care. >> it requires building data linkages with the federal government, so we can send them information about people who are interested in shopping for coverage in massachusetts. and determine whether they are financially qualified for subsidies, or financial assistance. >> they say the ten-month timeline is really tight. and to get this right, by next october, well, the stakes are high. >> they're really going to get one shot at not reinforcing the idea that public sector agencies can't operate at a level of efficiency, and quality that private
they just haven't notified the obama administration officially. the federal model, the reason they're going to do it for many of the states beyond political reasons is concerns for the big costs to build these out. massachusetts, health care connector, the online marketplace, and back office call center, and support staff, serves as a model for the new state exchanges. but the base state is spending about $100 million in federal grants to build up the new data bases and infrastructure required...
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Dec 13, 2012
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administration needs to rise above. for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cm
administration needs to rise above. for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach....
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Dec 20, 2012
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in barack obama and washington, d.c. >> park's return to the presidential blue house next february will be bittersweet and comes more than three decades after the assassination of her father, former president and dictator park geun-hye who ruled south korea with an iron fist for 18 years. she was forced to grow up quickly during his time in office after her mother was killed by a pro north korean gunman serving as her father's first lady. now, more than three decades later, her task is no less daunting as she works to balance the country's expectations with the economic and political realities at hand. >> also want to mention as we take a look at the market reaction in korea to the news of her presidential win, the kospi is just below 2,000. a story on cnbc.com explains south korea's park now made a pledge that she will get the benchmark to the 3,000 mark during her term. that, of course, will be a jump of about 50%. it's a fascinating story. check out plenty more at cnbc.com. >>> now, sticking with north asia, japan's central bank has decided to expand its asset purchase program by ano
in barack obama and washington, d.c. >> park's return to the presidential blue house next february will be bittersweet and comes more than three decades after the assassination of her father, former president and dictator park geun-hye who ruled south korea with an iron fist for 18 years. she was forced to grow up quickly during his time in office after her mother was killed by a pro north korean gunman serving as her father's first lady. now, more than three decades later, her task is no...
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Dec 28, 2012
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as criticism rises over the use of drone strikes by the obama administration, look to see companies launching drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding the impact on these individual stocks, as jane had pointed out in her piece, is to understand which programs might be protected, even with budget cuts that the industry is facing. the f-35, for instance, is one that might be protected. walk us through. which ones had the most protected streams of revenue? >> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that
as criticism rises over the use of drone strikes by the obama administration, look to see companies launching drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff...
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Dec 3, 2012
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if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take grover norquist. he's good target. once you start blaming grover norquist for a pledge made to get elected by representatives, you are totally doing a bait and switch. all of a sudden the issue of entitlementsbowles. why? they will look straight in the camera and say the gorilla in the room, entitlements. but when the blame game happens and you basically do bait and switch, you create a red herring. in this case, the red herring, and it is red, are tax issues. or taxing the rich even though the real issue you're avoiding, the big one, are the entitlements and the spending. now ross lynn carter -- an
if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take...
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administration officials, u.s. president barack obama, u.s. secretary of state hillary clinton that the use of chemical weapons in syria was a red line for which syria and the bashar al assad regime would face severe consequences if they ever did cross that red line and utilize chemical weapons against the people of syria. >> and we have no idea what those severe consequences would be, right? >> reporter: that's right, we don't. you know, people speculate that this would mean some type of military intervention, but we also know that a lot of world powers have not wanted to intervene militarily in syria. that they've wanted what's going on in syria to happen within syria. but the fear is if chemical weapons are utilized, and again, the syrian regime has said on many occasions, they are not going to use chemical weapons against their population, that that would mean there would be some type of military intervention, although it's unclear what scope that type of military intervention would take. >> mohammed jamjoom live in beirut, thanks very muc
administration officials, u.s. president barack obama, u.s. secretary of state hillary clinton that the use of chemical weapons in syria was a red line for which syria and the bashar al assad regime would face severe consequences if they ever did cross that red line and utilize chemical weapons against the people of syria. >> and we have no idea what those severe consequences would be, right? >> reporter: that's right, we don't. you know, people speculate that this would mean some...
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Dec 30, 2012
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wouldn't your party be happy to have a fellow republican, hagel, in the obama administration? >> not necessarily. so, don, you mentioned the three things that are concerned to log cabin republicans. battle of gay rights. this is a guy who's going to be in charge of ensuring open implementation take place. he's has a negative record on that. not just talking about a former appointee. when it comes to iran, very weak. left of president obama when it comes to economic sanctions or imposing sanctions on tehran to prevent proliferation of nuclear weapons. and then finally our bilateral relationship with israel, not strong on that. so regardless of where you lie, pick your poison, it's a perfect storm for why he should not be sec-def. to use an army colloquiloaolloq he's a no-go. >> have you been getting pushback from your party about the ad? >> no. the party is a broad spectrum. there are folks that we work with on the nonproliferation issue regarding iran. we were longtime supporters of legislation that was advocated by leadership in our party. other coalition groups. also as far
wouldn't your party be happy to have a fellow republican, hagel, in the obama administration? >> not necessarily. so, don, you mentioned the three things that are concerned to log cabin republicans. battle of gay rights. this is a guy who's going to be in charge of ensuring open implementation take place. he's has a negative record on that. not just talking about a former appointee. when it comes to iran, very weak. left of president obama when it comes to economic sanctions or imposing...
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Dec 30, 2012
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wouldn't your party be happy to have a fellow republican, hagel, in the obama administration? >> not necessarily. so, don, you mentioned the three things that are concerned to log cabin republicans. bad on gay rights. this is a guy who's going to be in charge of ensuring open implementation takes place. he's has a negative record on that. not just talking about a former appointee. when it comes to iran, very weak. left of president obama when it comes to economic sanctions or imposing sanctions on tehran to prevent proliferation of nuclear weapons. and then finally our bilateral relationship with israel, not strong on that. so regardless of where you lie, pick your poison, it's a perfect storm for why he should not be sec-def. to use an army colloquialism, he's a no-go. >> is this a turning point for the republican party? we will get to that. >> have you been getting pushback from your party about the ad? >> no. the party is a broad spectrum. there are folks that we work with on the nonproliferation issue regarding iran. we were longtime supporters of legislation that was advo
wouldn't your party be happy to have a fellow republican, hagel, in the obama administration? >> not necessarily. so, don, you mentioned the three things that are concerned to log cabin republicans. bad on gay rights. this is a guy who's going to be in charge of ensuring open implementation takes place. he's has a negative record on that. not just talking about a former appointee. when it comes to iran, very weak. left of president obama when it comes to economic sanctions or imposing...
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Dec 3, 2012
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the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
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Dec 21, 2012
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some of their policies they'd done in the first two years of the first obama administration. the president has a choice. if he wants that to continue for these next two years, then he very much can have that. at the same time, i do think the president is going to have to show presidential level leadership, not partisan leadership. that's what we've seen these past couple weeks. but he is going to have to engage with members of congress. he can't keep shutting us out. remember, there are 435 house members. look, i don't know what will happen next. i rather expect harry reid will send something back over to us. remember, tax bills have to originate in the house of representatives. this is going to be a tough slog. you know, maybe there's some good news in all of this, though. the fact that the deficit is so high and the deficit is what is the most destructive feature in our future, the president has talked about wanting to go back to the clinton tax rates. now he gets every one of them. the problem is, you also have obamacare taxes heaped on top. those people who see their divi
some of their policies they'd done in the first two years of the first obama administration. the president has a choice. if he wants that to continue for these next two years, then he very much can have that. at the same time, i do think the president is going to have to show presidential level leadership, not partisan leadership. that's what we've seen these past couple weeks. but he is going to have to engage with members of congress. he can't keep shutting us out. remember, there are 435...
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Dec 14, 2012
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the obama administration though many say caught between two different sides here. at the same time, the day before they gave some kind of lower level diplomatic recognition to the syrian government. the day before that they were a terror group, one of the more hard line parts of the rebel front responsible for many victories, considered islamic hard-liners. to many degrees they're heroes because they've been taking out so many regime outposts. the u.s. response in the past, 48 hours. significantly more complicated. and now as you say, skin in the game. >> nick peyton walsh, watching all the developments going on. thank you. >>> and now the fiscal cliff. there is little progress and a whole lot of frank. here's what we mean. in 18 days we go over the edge triggering tax hikes and sweeping cuts. last night president obama called john boehner and asked him to meet again at the white house. they spent a little less than an hour ago. was it a good talk? was it a productive talk? afterward, both side said they called their discussion frank and said the lines of communica
the obama administration though many say caught between two different sides here. at the same time, the day before they gave some kind of lower level diplomatic recognition to the syrian government. the day before that they were a terror group, one of the more hard line parts of the rebel front responsible for many victories, considered islamic hard-liners. to many degrees they're heroes because they've been taking out so many regime outposts. the u.s. response in the past, 48 hours....
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Dec 22, 2012
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and if the obama administration acts quickly, there may be a chance to put some new regulations in place. but, unfortunately, the public has had a short memory on these things. the other thing you have to remember is the nra says more than 50% of americans support gun ownership. and statistically, a lot more people than you think have guns in their homes. i've seen the statistic. more than 65% of people who identify as republicans have guns in their homes. more than 25% of democrats do. and so a lot of people have guns in their homes. they believe in it. so it's always difficult to pass regulations that restrict gun ownership. >> this isn't even the first time that a u.s. president has asked for gun laws on assault rifles and those gun clips. what is different this first time around? and will that make a difference? >> i think the difference here is that children were involved. i don't care where you live, who you are, whether you're a gun enthusiast or not. you look at this and say we've got to find a way to prevent this from happening. you know, the nra is saying you need trained secur
and if the obama administration acts quickly, there may be a chance to put some new regulations in place. but, unfortunately, the public has had a short memory on these things. the other thing you have to remember is the nra says more than 50% of americans support gun ownership. and statistically, a lot more people than you think have guns in their homes. i've seen the statistic. more than 65% of people who identify as republicans have guns in their homes. more than 25% of democrats do. and so...
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Dec 11, 2012
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last year republican congressman peter king claimed they got classified documents from the obama administration to make this movie. the white house denied it. "zero dark thirty" opens nationwide on january 11th. >> we have a jam packed hour straight ahead on "early start," including roof comes down after a near monsoon. it happened on live tv. >> look at that guy's face and listen to him. >> you all okay? >> crazy, this as severe storms whipped across the south. we are going to talk to the crew who witnessed this whole thing. that's coming up. >>> plus, have you seen this woman? the search for the real mona lisa. did a real life indiana jones find her tomb? and is she still smirking? ben wedeman takes us there. >>> but first, wait for this. a monkey in a coat. where was this cute primate spotted and where on earth did he get that jacket? the answer to this in all the morning's crucial questions coming up next. >> that is so cute. ok this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that k
last year republican congressman peter king claimed they got classified documents from the obama administration to make this movie. the white house denied it. "zero dark thirty" opens nationwide on january 11th. >> we have a jam packed hour straight ahead on "early start," including roof comes down after a near monsoon. it happened on live tv. >> look at that guy's face and listen to him. >> you all okay? >> crazy, this as severe storms whipped across...
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Dec 21, 2012
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on monday, the administration and speaker were pretty close. they've been getting more and more skeptical every day since. this points to the fact that boehner and pelosi and obama will have to meet in the middle or we will go over the cliff. >> where is the middle? if boehner said my biggest compromise will be a million and the president said 400. that's the best he's going to do, where is the middle? >> i don't think it's just the tax rates and increases for the rich folks. i think bits changes to the whole tax code themselves want other changes in spending them want to wrap this whole thing up together. the problem is markets wanted this solved yesterday. consumers want it solved. it is creating the uncertainty that boehner is always complaining about. >> doug, let me ask you. >> go ahead. >> one thing that i think is good to recognize, there are two different problems. problem number one sf st fiscal cliff. that says keep taxes down and avoid spending cuts. problem two is the enormous debt. we have to get some tax and spending cuts together
on monday, the administration and speaker were pretty close. they've been getting more and more skeptical every day since. this points to the fact that boehner and pelosi and obama will have to meet in the middle or we will go over the cliff. >> where is the middle? if boehner said my biggest compromise will be a million and the president said 400. that's the best he's going to do, where is the middle? >> i don't think it's just the tax rates and increases for the rich folks. i...
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Dec 22, 2012
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this shooting has led to calls for a new assault weapons ban and has led to president obama putting the vice president in charge of formulating the administration's response. >> here's what i think we should do. this week i called on congress to take up and pass common sense legislation that has the support for the majority of the american people, including banning the assault weapons and making sure criminals can't take advantage of legal loopholes to get their hands on a gun. i also tasked the vice president with leading an effort to come up with a comprehensive set of serious proposals to keep our children safe, including strengthening student safety and addressing a culture that too often glorifies guns and violence. >> we are focusing on gun control this morning. a federal assault weapons ban was first put in place back in 1994, it expired in 2004, the law in effect banned 20 different assault weapons manufactured in the u.s. also banned the manufacture of high-capacity magazines, the ones that hold more than ten bullets. there were plenty of loopholes, though, gun manufacturers co
this shooting has led to calls for a new assault weapons ban and has led to president obama putting the vice president in charge of formulating the administration's response. >> here's what i think we should do. this week i called on congress to take up and pass common sense legislation that has the support for the majority of the american people, including banning the assault weapons and making sure criminals can't take advantage of legal loopholes to get their hands on a gun. i also...
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the obama administration condemned it as a provocative act and will likely ask the u.n. security council to impose crippling sanctions. the pentagon following developments this morning. chris lawrence there. what do you know, chris? >> right now, officials say that object that north korea put into orbit, monitoring it, analyzing it, but they confirm it is in orbit. why is that important? the same technology you would use to put into orbit is the same technology you use to develop long-range ballistic missiles, the u.s. condemned this act. they are worried about the marriage of north korea's nuclear weapons with this long-range missile technology. this is the type of missile that if it was successful, as it appears to be, could reach parts of the united states, alaska, u.s. military bases in hawaii. but a u.s. efficiently i spoke with who used to work on north north korea for the defense department told me, there are still areas in which north korea has not made it as far as they would need to in terms of getting an accurate rocket, in terms of getting heat shielding, and
the obama administration condemned it as a provocative act and will likely ask the u.n. security council to impose crippling sanctions. the pentagon following developments this morning. chris lawrence there. what do you know, chris? >> right now, officials say that object that north korea put into orbit, monitoring it, analyzing it, but they confirm it is in orbit. why is that important? the same technology you would use to put into orbit is the same technology you use to develop...
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Dec 20, 2012
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some minds are changing and the obama administration is now tackling the issue. >> the president is absolutely committed to keeping his promise that we will act and we will act in a way that is designed, even if he says we could only save one life, we have to take action. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ and one wedding, 2 kids, 43 bottles of olay total effects and many birthdays later, still looks amazing. thanks to the trusted performance of olay. we were out when it happened. by the time we called the police,
some minds are changing and the obama administration is now tackling the issue. >> the president is absolutely committed to keeping his promise that we will act and we will act in a way that is designed, even if he says we could only save one life, we have to take action. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk,...
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Dec 5, 2012
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the obama administration has faced accusations it gave undeserved access to the filmmakers. in real life, everyone involved in the hunt for bin laden remains sworn to secrecy. but the filmmakers say they got firsthand accounts. they just won't say exactly how that happened. >> i think as a reporter you would understand we take prot t protecting our sources and sort of the exact methodology of our sourcing pretty seriously, just in the same way if i asked you how did you source that story. >> katherine, when you hear mark talk this way, are you a journalist or a filmmakerer? >> that's a good question. well, i certainly tried to be as faithful to the research as possible and make a good movie and make a film that was timely. >> reporter: but how much access they got is the issue. >> obviously things went wrong here. >> reporter: congressman peter king, chairman of the house homeland security committee first called for an investigation at both the cia and the pentagon. >> there was an event where operatives were involved and they did not know until they got there that the holly
the obama administration has faced accusations it gave undeserved access to the filmmakers. in real life, everyone involved in the hunt for bin laden remains sworn to secrecy. but the filmmakers say they got firsthand accounts. they just won't say exactly how that happened. >> i think as a reporter you would understand we take prot t protecting our sources and sort of the exact methodology of our sourcing pretty seriously, just in the same way if i asked you how did you source that story....
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Dec 4, 2012
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., the obama administration, nato now obviously very concerned about the regime of president assad potentially using chemical weapons, poison gas against its own people. here's the question, what is the difference killing civilians in syria with bombs from jet fighters or attack helicopters as opposed to using say poison gas or chemical warfare? >> that's a good question. in one sense in moral terms, there is no difference and almost 40,000 people have died in syria already. but i think the use of chemical weapons and poison gas, i think the fatalities would be very much greater. and it does cross a line. these aren't judgments that you can make in any scientific way. but i think what your administration, the international community is signaling to president assad, if you cross that line, there will be a strong reaction. >> those are tough words coming from president obama, from secretary of state hillary clinton, from the nato secretary-general today in brussels. but is that enough to president bahar al assad from using chemical weapons or is there something else the international community s
., the obama administration, nato now obviously very concerned about the regime of president assad potentially using chemical weapons, poison gas against its own people. here's the question, what is the difference killing civilians in syria with bombs from jet fighters or attack helicopters as opposed to using say poison gas or chemical warfare? >> that's a good question. in one sense in moral terms, there is no difference and almost 40,000 people have died in syria already. but i think...
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Dec 30, 2012
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in fact, before i published that, several people in the administration who said, for the love of god, she will be around for the next four years. please, don't report that. you'll make our life more difficult. >> on the obama side there are scores to settle and on the romney side, rehabilitation and what these people do next with their careers. >> look, i think with any campaign, you've got some staff figures that are polarizing and certainly with the obama campaign that's valerie and there was not as much drama as there are for a lot of losing campaigns, but there was some there and stewart stevens the chief strategist had his share of internal critics and we found out how during reporting that ed gulep guhelpsky and reaching out to women voters. >> how are you able to get this now where you weren't able to get it in the fall campaign? >> operatives in both parties and politicians in both parties tend to be less comfortable talking aboutsuch issues during the campaign versus after the campaign. >> you get people right in the wake of one of the reasons i wanted, we had a choice to whe
in fact, before i published that, several people in the administration who said, for the love of god, she will be around for the next four years. please, don't report that. you'll make our life more difficult. >> on the obama side there are scores to settle and on the romney side, rehabilitation and what these people do next with their careers. >> look, i think with any campaign, you've got some staff figures that are polarizing and certainly with the obama campaign that's valerie...
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will now be at the forefront of his administration moving forward. listen. >> so i will news all the powers of this office to help advance efforts aimed at preventing more tragedies like this. we won't prevent them all, but that can't be an excuse not to try. it won't be easy, but that can't be an excuse not to try. and i'm not going to be able to do it by myself. ultimately, if this effort is to succeed, it's going to require the help of the american people. >> yesterday a citizens group in newtown, connecticut, that's pushing for strength in gun control measures met to speak with the residents who had gone to washington, d.c., and discussed gun legislation. senator richard blumenthal was at that meeting. he's a democratic senator from the state of connecticut. it's nice to have you with us this morning. >> thank you, soledad. >> they have called for sensible legislation. what does that mean to them and what does that mean to you? >> it begins with common sense on a ban on assault weapons of the type that was used in this horrific massacre as well a
will now be at the forefront of his administration moving forward. listen. >> so i will news all the powers of this office to help advance efforts aimed at preventing more tragedies like this. we won't prevent them all, but that can't be an excuse not to try. it won't be easy, but that can't be an excuse not to try. and i'm not going to be able to do it by myself. ultimately, if this effort is to succeed, it's going to require the help of the american people. >> yesterday a citizens...
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Dec 28, 2012
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but the roots of this current crisis can be traced back to the previous administration. cnn's chief business correspondent has a look at how we got here. >> now we have passed a bold package of tax relief for america's families and businesses. >> reporter: it starts more than a decade ago when president bush initiated a series of tax cuts for all americans. but it's a deal with the devil. the cuts which are politically expedient expire in ten years time. >> both houses of congress have passed a package of tax relief that will protect the middle class. >> reporter: when it came time for the cuts to expire, the u.s. is emerging from the worst e recession from the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extending by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250
but the roots of this current crisis can be traced back to the previous administration. cnn's chief business correspondent has a look at how we got here. >> now we have passed a bold package of tax relief for america's families and businesses. >> reporter: it starts more than a decade ago when president bush initiated a series of tax cuts for all americans. but it's a deal with the devil. the cuts which are politically expedient expire in ten years time. >> both houses of...
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earlier this year, president obama speaking to barbara walters indicated a policy change. he said he had bigger fish to fry in terms of resources for law enforcement. we know now given what happened in connecticut in newtown, srnlt administration has other law enforcement concerns that many people would say are more significant than this. the argument is do we really want to use the capabilities to really hunker down on folks that are using it for medicinal purposes or even recreational purposes and you have the others that are saying this is a gateway drug potentially and do we want our youth being exposed to this drug? it is a drug. >> play this out with me and i know this is the biggest dispensary on the planet. if it is forced to close, what reverberations does it send out? >> its ens a significant message. this is the wal-mart of marijuana. this is the largest dispensary. the owner put trop 19 on the ballot in california. he is the leader of the movement. if this particular wal-mart of marijuana is shut down, i think it sends the message that the federal government is
earlier this year, president obama speaking to barbara walters indicated a policy change. he said he had bigger fish to fry in terms of resources for law enforcement. we know now given what happened in connecticut in newtown, srnlt administration has other law enforcement concerns that many people would say are more significant than this. the argument is do we really want to use the capabilities to really hunker down on folks that are using it for medicinal purposes or even recreational...
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Dec 20, 2012
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one state department official resigns, three others on disciplinary administrative leave this morning after that independent review examining september's attack cited systemic failures in leadership and management deficiencies. tuesday officials are expected to testify before house and senate committees later this morning. >>> president obama found the secretary of the army to personally express his concern about reports of abuse at the day care center at ft. mier in virginia. this week two workers at the facility were charged with assaulting a child. a review of all the workers found several with questionable backgrounds, including records of sexual abuse of a minor, sexual assault and assault. >>> about three hours from now, the casket carrying the late senator daniel inouye will lie in the house capitol rotunda so the public can pay their respects. he was a world war ii hero, witness to pearl harbor and second longest serving senator in history. he represented hawaii from the time it became a state. his fun yeral is tomorrow. >>> in south korea, the country's first female president
one state department official resigns, three others on disciplinary administrative leave this morning after that independent review examining september's attack cited systemic failures in leadership and management deficiencies. tuesday officials are expected to testify before house and senate committees later this morning. >>> president obama found the secretary of the army to personally express his concern about reports of abuse at the day care center at ft. mier in virginia. this...
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Dec 26, 2012
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and also, i think, if you look at the administration, they have not done, to be honest, an effective job of really getting the cabinet out in a large way. because you think about the last four years, secretary of education, arne duncan, he had an opportunity to really step out there. secretary of state, hillary clinton, defense secretary bob gates. but you did not have, again, your labor secretary. you didn't have your commerce secretary, your energy secretary. so he relied on sort of the people just around him. i think this administration and the president should do a better job of getting his cabinet out there, because, frankly, most americans don't even know who the rest of the cabinet members are. >> finer point on it, roland. do you think the president is sending a message that he won't fight for his nominees? >> well, i think what he's doing is, he's picking and choosing his battles, but he needs to understand, the last four years, republicans fought him on everything. he should send the signal, i'm not going to play the games we played the last four years. i'm going to be very
and also, i think, if you look at the administration, they have not done, to be honest, an effective job of really getting the cabinet out in a large way. because you think about the last four years, secretary of education, arne duncan, he had an opportunity to really step out there. secretary of state, hillary clinton, defense secretary bob gates. but you did not have, again, your labor secretary. you didn't have your commerce secretary, your energy secretary. so he relied on sort of the...
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>> just today actually the obama administration put forth an administration. i do not have enough intelligence to judge. it looks like it could be a terrorist organization. the point is obama designated this as a terrorist organization. in the middle of everything, the fighters have improved and still surprising with the regime. designating them as a terrorist organization, i do not know how this will help the rebel cause. this is just wanted example -- one example from today. the obama administration has been, i believe, made a decision to stay away, and unfortunately, his first mission was failed in the beginning of 2012. it was the first year the president started his campaigning year. so, you know, when you look at it, there are reasons, but always the one thing that overlooks this, the way they can intervene and gain and leverage, it is not only vote on the ground, this is an understanding in washington why many people are here. you talk about helping syria. it is basically getting enough help, either of the aid -- enough aid to help those that have been
>> just today actually the obama administration put forth an administration. i do not have enough intelligence to judge. it looks like it could be a terrorist organization. the point is obama designated this as a terrorist organization. in the middle of everything, the fighters have improved and still surprising with the regime. designating them as a terrorist organization, i do not know how this will help the rebel cause. this is just wanted example -- one example from today. the obama...
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Dec 19, 2012
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this morning you heard a lot about the kinds of programs the obama administration has put a dent a place. thell focuse more pon enemy since he heard a lot about our side of the equation today. and look at the challenges we face a had a bit more than the programs we have and the place to deal with them. on the bottom line, dan and i are in violent agreement on most of these points. you will hear a lot of amen choruses out of me. i hope to put in a few nuances on a few particular issues. and that me begin where dan began -- four years ago. we were on the edge of calamity in south asia. not only with the al qaeda core virtually under no pressure whatsoever, we had just seen the worst terrorist attack since 9/11, the attack on the city of mumbai. we now know a great deal more. it was a combo platter between the group everyone gives credit for, the so-called army of the pure, as well as the pakistani intelligence services. we know that from the testimony s. two americans in court we have good reason to believe there was a third player planning the operation which has maintained a very low pro
this morning you heard a lot about the kinds of programs the obama administration has put a dent a place. thell focuse more pon enemy since he heard a lot about our side of the equation today. and look at the challenges we face a had a bit more than the programs we have and the place to deal with them. on the bottom line, dan and i are in violent agreement on most of these points. you will hear a lot of amen choruses out of me. i hope to put in a few nuances on a few particular issues. and that...
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guest: that is the hope from the obama administration. reimbursements cannot keep going up and up and up. health care is about a fifth of the entire economy. if you give people a budget to work in, they will change the way they work. they have to figure out a new way to do business. host: cedric from texas, good morning. welcome to the program. caller: i'm a physician and i follow your journalism. i'm probably one of the few physicians that agrees with -- i want to eliminate all government plans. i would be willing to take nothing. i believe the only way to fix this is by setting up a free market. prices meet demand. none of these things meet the demands of the people. with regards to seniors, they talk about how much insurance companies are taking. when they convert from a plan to medicare and how there are hoops. they are lifestyle decisions. president obama is trying to give bundled payments for health care results. a large portion of the population knows they are supposed to eat well and not to smoke. they need their hips replaced the
guest: that is the hope from the obama administration. reimbursements cannot keep going up and up and up. health care is about a fifth of the entire economy. if you give people a budget to work in, they will change the way they work. they have to figure out a new way to do business. host: cedric from texas, good morning. welcome to the program. caller: i'm a physician and i follow your journalism. i'm probably one of the few physicians that agrees with -- i want to eliminate all government...
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i want to thank the members of this committee, the congress, and the obama administration for supporting a help the inner city passenger rail system and for supporting improved service with words and money. we are grateful for the investments from the american recovery and investment act which have provided more than $1.4 billion for illinois high- speed rail. these current investments in illinois high-speed passenger rail systems are already supporting thousands of jobs with much more on the way. we cannot do it without federal help. we need continued federal funding for high-speed rail to finish the job restarted and keep our promises to travelers and taxpayers. we ask that congress appropriate additional funds for state making these investments, including illinois in the midwest. neither illinois or the midwest would be the transportation hub of the nation that it is today and the state's diverse economic base would not exist as we know it. illinois was made the center of national rail development and today, it hosts a 7,300 mile rail network that serves as a keystone in moving passen
i want to thank the members of this committee, the congress, and the obama administration for supporting a help the inner city passenger rail system and for supporting improved service with words and money. we are grateful for the investments from the american recovery and investment act which have provided more than $1.4 billion for illinois high- speed rail. these current investments in illinois high-speed passenger rail systems are already supporting thousands of jobs with much more on the...
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Dec 22, 2012
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this has been from the very beginning of the obama administration and is also part of the pivot. the pivot is not just focusing our attention on the other countries of the asia-pacific to the exclusion of china. it means all of the asia-pacific including china, which is why secretary clinton has been to china seven times. yet had defense secretaries gates and panetta -- we have had defense secretaries gates and panetta and many other cabinet officials go to china specifically. >> maybe the president and administration has urged its back in little more in the past year. -- arched its back a little more in the past year. that does not mean that they are not deeply interested in finding ways to collaborate. this may seem to be contradictory, but it does not need to be that way. >> any questions? any of the young people in the back? >> how do you define young? [laughter] >> no comment. [laughter] second row in the middle. >> ambassador locke, there has been optimism with the new leadership that there'll be a greater openness of the chinese markets to foreign interests. you're all loo
this has been from the very beginning of the obama administration and is also part of the pivot. the pivot is not just focusing our attention on the other countries of the asia-pacific to the exclusion of china. it means all of the asia-pacific including china, which is why secretary clinton has been to china seven times. yet had defense secretaries gates and panetta -- we have had defense secretaries gates and panetta and many other cabinet officials go to china specifically. >> maybe...
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when the obama administration came into office in 2009, we contacted the leaders of the four key states in uganda, rwanda, drc and burundi to ask those leaders whether they were interested in carrying on with the tripartite plus arrangement. there was no consensus among the states to do so. and in fact, rwanda did not want to carry on the process. we did not, in fact, per -- attempt to pursue it we found there was division among the four countries. however, to maintain our high level of interest, secretary clinton appointed to a special adviser for the great lakes. the great -- the late howard wolpi, from the state of michigan for many years and who served as the special envoy for the first two years of the obama administration. he passed away. he was replaced by barry luckily, an experienced diplomat who would serve indeed drc and -- in the drc and has served in a number of posts. the decision to stop tripartite plus was based on a reluctance of all the governments in the region to carry on. >> thank you. mr. smith? >> secretary carson, rwanda has increasingly been getting a -- attenti
when the obama administration came into office in 2009, we contacted the leaders of the four key states in uganda, rwanda, drc and burundi to ask those leaders whether they were interested in carrying on with the tripartite plus arrangement. there was no consensus among the states to do so. and in fact, rwanda did not want to carry on the process. we did not, in fact, per -- attempt to pursue it we found there was division among the four countries. however, to maintain our high level of...
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Dec 12, 2012
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speaker, once again i call on president obama, the obama administration, and the international community to denounce and condemn the terrorist castro dictatorship's human rights abuses and continue to push for democratic change on that imprisoned island nation. thank you, mr. speaker. the speaker pro tempore: the gentleman's time has expired. the house will come to order. for what purpose does the gentleman from michigan seek recognition? >> unanimous consent to speak to the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized. mr. clarke: thank you, mr. speaker. many decades ago my father came to this country like many other immigrants to seek the american dream. he got a job in the auto factory. a job that exposed him to toxins that ultimately killed him. my father died when i was 8 years old. today the michigan legislature approved right to work legislation intending to roll back the clock on our labor laws. we cannot allow this to happen. right to work is wrong for workers and it must be stopped. i yield back my time. the speaker pro tempore:
speaker, once again i call on president obama, the obama administration, and the international community to denounce and condemn the terrorist castro dictatorship's human rights abuses and continue to push for democratic change on that imprisoned island nation. thank you, mr. speaker. the speaker pro tempore: the gentleman's time has expired. the house will come to order. for what purpose does the gentleman from michigan seek recognition? >> unanimous consent to speak to the house for one...
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Dec 26, 2012
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, at the beginning of the obama administration, that involved taking over a.i.g., the tarp, the recovery act, that those acts prevented the second great depression. were remember where we when president obama took office. the nation was facing the worst economic catastrophe since the great depression. in the fourth quarter of 2008, the economy contracted at a rate of nearly 9%. positive economic growth returned in the third quarter of 2009 and we've had 13 consecutive quarters of growth. this is quite a remarkable turn around. here we were in the fourth quarter of 2008 the economy was shrinking at a rate of almost 9% and within nine months, we were back to growth. that is quite a remarkable turn around given the damage that was done by the downturn at the end of the bush administration. end of the bush administration.
, at the beginning of the obama administration, that involved taking over a.i.g., the tarp, the recovery act, that those acts prevented the second great depression. were remember where we when president obama took office. the nation was facing the worst economic catastrophe since the great depression. in the fourth quarter of 2008, the economy contracted at a rate of nearly 9%. positive economic growth returned in the third quarter of 2009 and we've had 13 consecutive quarters of growth. this...
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Dec 20, 2012
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, at the beginning of the obama administration, that involved taking over a.i.g., the tarp, the recovery act, that those acts prevented the second great depression. let's remember where we were when president obama took office. the nation was facing the worst economic catastrophe since the great depression. in the fourth quarter of 2008, the economy contracted at a rate of nearly 9%. positive economic growth returned in the third quarter of 2009 and we've had 13 consecutive quarters of growth. this is quite a remarkable turn around. here we were in the fourth quarter of 2008 the economy was shrinking at a rate of almost 9% and within nine months, we were back to growth. that is quite a remarkable turn around given the damage that was done by the downturn at the end of the bush administration. now while i believe it is absolutely the case that these actions averted a second great depression, i believe it is also true that we are now facing the consequences. and that is borrowing 31 cents of every dollar we spend. we've seen some improvement because we were borrowing as much as 40 cents of
, at the beginning of the obama administration, that involved taking over a.i.g., the tarp, the recovery act, that those acts prevented the second great depression. let's remember where we were when president obama took office. the nation was facing the worst economic catastrophe since the great depression. in the fourth quarter of 2008, the economy contracted at a rate of nearly 9%. positive economic growth returned in the third quarter of 2009 and we've had 13 consecutive quarters of growth....